The global isobutanol market is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc. Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth. Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet fue
http://www.grandviewresearch.com/industry-analysis/isobutanol-market
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